20090407Quarterly Debt Report.pdf

April 7, 2009
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Pacifk Por I
Rocky Montn Power I
PaCorp Energ
82 NE Multnom, Suit 1900 LeT
Portland, Oren 9n32
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VI OVERNIGHT DELIVERY
Idaho Public Utilities Commission
472 West Washington
Boise, Idaho 83702-5983
Attn: Ms. Jean D. Jewell
Commssion Secretar
Re: Quaerly Debt Report
Pursuat to Case No. PAC-E-07-16, PacifiCorp (the Company) hereby files an origial and eight
copies of its debt report for the period ended December 31, 2008. Any Recent wrte-ups from
major bond rating agencies were previously provided pursuat to Order No. 29998 approved in
Case No. P AC-E-05-8.
I
$5,306,735,000
I Long-Term Debt Activity:
Amount outstading (less temporar reacquisitions) at September 30, 2008
Remarketing of Temporary Reacguisitions(l)
Carbon Co Series 1994 PCRBs due November 2024
Converse Co Series 1994 PCRBs due November 2024
Emery Co Series 1994 PCRBs due November 2024
Lincoln Co Series 1994 PCRBs due November 2024
Moffat Co Serìes 1994 PCRBs due May 2013
Sweetwater Co Series 1994 PCRBs due November 2024
9,365,000
8,190,000
121,940,000
15,060,000
40,655,000
21,260,000
Issuances None(2)
Maturities
8.271 % FMBs due Oct 2010 Installment
7.978% FMBs due Oct 2011 Installment
8.493% FMBs due Oct 2012 Installment
8.797% FMBs due Oct 2013 Instalment
8.734% FMBs due Oct 2014 Instalment
8.294% FMBs due Oct 2015 Instalment
8.635% FMBs due Oct 2016 Installment
8.470% FMBs due Oct 2017 Installment
( 4,055,000)
( 325,000)
( 1,348,000)
( 1,007,000)
( 1,587,000)
( 2,389,000)
( 869,000)
( 828,000)
Amount outstading at December 31, 2008 $5,510,797,000
Idaho Public Utilties Commission
April 7, 2009
Page 2
I Long-Term Debt Authoriation:
Amount authorized Janua 22, 2008 under Order No. 30489 $1,200,000,000
Issuances None(2)
Remaining authorization at December 31, 2008 $1.200,000,000
(1) On September 10,2008, PacifCorp temporarily reacquired $216 milion of insured variable-rate pollution
control revenue bond obligations due to the signifcant reduction in market liquidity for insured variable
rate obligations. On November 19, 2008, the insurance was terminated and these variable-rate long-term
debt obligations were remarketed with credit enhancement and liquidity support provided by letters of
credit issued under PacifCorp's two unsecured revolving credit facilties.
(2) On January 8, 2009, PacifCorp issued $350 millon of its 5.50% First Mortgage Bonds due Januar 15,
2019 and $650 milion of its 6.00% First Mortgage Bonds due January 15, 2039.
If you have any questions regarding this sumar, please call me at [phone].
Sincerely,
ffíl$J~
Matt Fechner
Treasur Analyst